Cloud – Yesterday, Today & Tomorrow Cloud computing is a buzzword in the IT field. It is gaining momentum and will take a strong hold very soon. Several IT organizations are making budgets to be invested in cloud services. And this trend promises to keep increasing. Bank and finance sectors which have security as their prime concern are also willing to invest in cloud computing services.
In the past decade, supercomputers and mainframes have shouldered the responsibility of massive computing. The mainframe has several CPUs connected to each other through vast networks. Supercomputers and mainframes are extremely expensive to maintain in optimal conditions. This has resulted in the discovery of inexpensive way of storing data through the cloud computing system. Cloud computing today is provided by companies that specialize in this industry. It is the provider who manages the resources and shares it effectively with a multitude of users. This has helped to drive down the cost borne by organizations before. Companies no longer need large spaces to house mainframes, spend on electricity and provide salaries